Financial analysis of utility scale photovoltaic plants with battery energy storage

Viktor Rudolf and Konstantinos D. Papastergiou

Energy Policy, 2013, vol. 63, issue C, 139-146

Abstract: Battery energy storage is a flexible and responsive form of storing electrical energy from Renewable generation. The need for energy storage mainly stems from the intermittent nature of solar and wind energy sources. System integrators are investigating ways to design plants that can provide more stable output power without compromising the financial performance that is vital for investors. Network operators on the other side set stringent requirements for the commissioning of new generation, including preferential terms for energy providers with a well-defined generation profile. The aim of this work is to highlight the market and technology drivers that impact the feasibility of battery energy storage in a Utility-scale solar PV project. A simulation tool combines a battery cycling and lifetime model with a solar generation profile and electricity market prices. The business cases of the present market conditions and a projected future scenario are analyzed.

Keywords: Photovoltaic; Battery; Energy storage (search for similar items in EconPapers)
Date: 2013
References: View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:63:y:2013:i:c:p:139-146

DOI: 10.1016/j.enpol.2013.08.025

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